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domestic tourism and increasing propensity to travel overseas will expand the revenue of India's tour and travel operators by 15-17 per cent this fiscal, Crisil Ratings said on Thursday. Factors like improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government's increasing focus on boosting domestic tourism will further support the sector's revenue growth. The assessment was based on an analysis of the country's four major travel operators, who account for about 60 per cent of the sector's revenue. «The credit profiles of travel operators, too, are expected to remain healthy, supported by strong balance sheets and steady operating margins of 6.5-7 per cent, in line with last fiscal, resulting in sizeable cash flows and continuing low reliance on debt,» Crisil Ratings stated.

European tourist hotspots struggle with the influx of visitors, Île-de-Brehat, an island off the coast of Brittany in France, is the latest to impose stricter rules on tourists.

₹37,500 a night for a regular room, about 15-25% higher than its usual rates, Mint found in its research. Similarly, pool view suites at the plush ITC Grand Bharat in a remote corner of Gurugram in Delhi-NCR will start from ₹32,000 a night excluding tax, which is ₹8,000 higher than its usual rate.

Jasper National Park in western Alberta.He says the picturesque Rocky Mountain tourist destination in Alberta is a “truly magical place” that has captivated travellers from Canada and abroad.The King expressed sympathy for those whose lives and livelihoods have been affected, particularly those who have lost property and were forced out.He thanked first responders, community volunteers and leaders who have stepped up to help and commended Canadians lending a hand.Federal officials have said about one-third of the buildings in the Jasper townsite were lost in the blaze, and that there was little firefighters could do to combat an inferno so big and powerful.About 25,000 people, including 5,000 town residents, were ordered to leave just over a week ago as the fast-moving flames approached.“These are dark times, but we greatly admire the strength and resilience of so many people to persevere and rebuild,” King Charles said in a written statement distributed through Rideau Hall.“The number of firefighters who have come from across the world to offer their services speaks not only to the sense of solidarity that exists within that professional community, but also the high regard in which Canada and Canadians are held around the world.”Royalty first came to visit the park in 1939, when King George VI and Queen Elizabeth, the Queen Mother, stayed at the Jasper Park Lodge’s Outlook Cabin.Their daughter, Queen Elizabeth II, stayed there with her husband, Prince Philip, in 2005.For the latest information on which areas in Alberta are under an evacuation alert or order due to a wildfire, visit the Alberta Emergency Alert website. For the latest information on the wildfire status and danger across the province, visit the Alberta

The federal government alleges in a lawsuit against Norfolk Southern that the railroad has been causing chronic delays for Amtrak between New York and New Orleans by forcing the passenger trains to wait while its massive freight trains pass

India's real estate market witnessed a surge in investments during Q2 2024, attracting USD 2.77 billion, according to Cushman & Wakefield's report.

WestJet and Whitehorse-based Air North have announced a new agreement that will allow single-ticket travel across both airlines’ networks.

Imagine planning a vacation and not being able to check Airbnb or another online booking site for an apartment in which to spend a few days living among the locals

Phones blow up with text messages

Brigade Metropolis to KR Puram Railway Station.

hotels in Bihar and Odisha after budget proposals sought to help boost tourism in the two eastern states, industry insiders said. Organised branded hotel supply in the two states is currently limited.

tourism has been highlighted again by renewed anti-tourism protests in the popular Spanish holiday destination of Mallorca this week. This is the latest in a series of protests that have taken place in Barcelona, Malaga and the Canary Islands. The main contention of the activists there is that tourists have driven up housing costs, leading to locals finding central areas unaffordable.

Uttarakhand government issued a directive mandating that all vehicles entering the state must carry dustbins or garbage bags. This measure aims to address the ongoing issue of garbage disposal, particularly along the Char Dham route and near popular tourist destinations such as Mussoorie, Dehradun, and Nainital.

Air India Express, a subsidiary of Tata owned Air India on Thursday announced that it has expanded its network to Tripura. It will introduce daily direct flights connecting Agartala to Guwahati, Delhi and Kolkata from September 1, said the airline in a press release. Tripura will be the airline’s 46th destination.

budget underscores the government's steadfast commitment to growth without compromising on fiscal discipline. The overarching message is clear: progress for all segments of society through equal opportunity. This blueprint addresses critical sectors such as manufacturing, services, agriculture, and startups, while providing targeted support for women and job seekers. An unwavering resolve to elevate India to a 'developed economy' status by 2047.

Arunachal Pradesh state budget for 2024-25 proposed to come up with a healing and wellness tourism policy this year. Arunachal Pradesh Deputy Chief Minister Chowna Mein on Wednesday presented a Rs 993.08-crore deficit budget for 2024-25, focusing on infrastructure, urban development and healthy human resource.

Prime Video is enhancing its user experience with generative AI-powered personalised recommendations that have rolled out globally starting July 23 and will be available to all the customers in the coming weeks.

«I do not want to give it a name, but I think this was very serious. And therefore, after all, as we say economics is a handmaiden of politics. If you get politics wrong, economics is just left behind. So, this is a brilliant balancing act of being equitable, at the same time not compromising at all on the glide path to growth and to Viksit Bharat,» says Vallabh Bhanshali, Chairman, Enam Group. How would you describe Nirmala Sitharaman’s seventh budget and Modi 3.0's first budget? Vallabh Bhanshali: In the context of going from an absolute majority government to a coalition government, on the one hand and on the other hand, we had a very rising and probably capital market with F&O positions, creating a certain commentary in the country, not only amongst people at large, but even amongst regulators like SEBI and RBI and she had to take that into account. Serious determination to continue from where they had left, which is Viksit Bharat 2047, third largest economy in a few years' time and I think very importantly, we should not forget is the rising rhetoric in the country to go back to the 70s style of economic policy.

tax rate for foreign companies to 35% from 40%, aiming to attract more overseas firms to set up a permanent base in the country and boost foreign inflows. «We want more investment to come into the country that is why it has been brought down,» Sitharaman told reporters after the budget. The government decision will benefit overseas companies looking to open branch offices such as branches of foreign banks and warehouses in India with a permanent establishment tag. It will also help those looking to open project offices for undertaking engineering, procurement, and construction (EPC) contracts. «When the tax rate for domestic companies was cut, the gap between the two had further widened...so it had to be narrowed,» said finance secretary T V Somanathan. The tax cut along with the scrapping of taxation for foreign shipping companies operating cruises in India, and safe harbour rates for foreign mining companies selling raw diamonds is expected to further enhance the country’s attractiveness as a destination for foreign capital.

maritime innovation, sustainability and economic growth. Shipping reforms are expected to generate significant employment opportunities and strengthen India’s maritime capabilities